The Centre for the Promotion of Private Enterprise (CPPE) has called for a phased approach to Nigeria’s ongoing tax reform, warning that immediate, full implementation could undermine its success. The think tank said the reform is one of the most ambitious fiscal restructuring efforts in recent decades, aimed at improving revenue collection, simplifying the tax system, and supporting economic growth.
In a policy note, CPPE CEO Muda Yusuf said public resistance is rising as households and businesses cope with high inflation and reduced purchasing power. While the reform includes exemptions for low-income earners and small businesses, mandatory filing, record-keeping requirements, and higher capital gains and rent taxes could increase pressure on the country’s large informal economy, which accounts for more than 90 per cent of jobs.
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CPPE urged tax authorities to prioritise enforcement on large companies, established small and medium enterprises, and high-net-worth individuals. The organisation said a careful, politically and economically sensitive rollout is essential, particularly in the lead-up to the 2027 elections.
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